AUDJPY ANALYSISAUDJPY retested broken major uptrendline
then rejected with bearish movement
Below SMA 100
MACD shows start of bearish momentum
It's expected coming correction to target key level at 77.00 corresponding to HVN
Aud-jpy
AUDJPY is facing bearish pressure from our first resistance !AUDJPY is approaching our 1st resistance at 78.598, in line with our 78.6% fib extension and trendline resistance, where we could see a potential reversal towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level .
AUDJPY on a channel test 🦐AUDJPY after the break above the 77 area created another impulse until the 78.700 area, inside a channel.
The price couldn't create new highs and start a ranging move between 2 structures.
IF the price will break and close below and consequently break the channel we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (78.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 77.46
TP2= @ 76.96
TP3= @ 76.50
TP4= @ 75.42
TP5= @ 74.90
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (78.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 77.46
TP2= @ 76.96
TP3= @ 76.50
TP4= @ 75.42
TP5= @ 74.90
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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ForecastCity English Support Team ❤️
AUDJPY ANALYSISAUDJPY broke uptrendline
Price is based below resistance level at 78.15
Pair formed double top pattern
Below SMA 100
MACD shows bearish momentum
It's expected to target key level at 77.00
Potential AUDJPY LONG?Hey guys,
Next week Ill be looking for potential AUDJPY longs, if you seen my previous AUDJPY idea, I had stated that if price breaks the bullish flag we may see the current trend continue, price broke the trendline resistance and is currently being respected. AUD has been very bullish lately however price is currently at resistance, if this level is broken, we can expect price to continue to the upside however we will need to see strong bullish candles to confirm this move before entering a long position.
If you find this idea helpful...
Please feel free to like👍
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Drop a comment below on what you think🗨
Good luck on your trades and Merry Christmas🎁
AUDJPY reversing from 1st resistance , further drop expected! AUDJPY finally reversed from our 1st resistance where the 78.6% fib extension is, more downside is available from here!
AUDJPY 4hour Analysis December 20th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking to continue with the bullish trend. Right now we could see price action pullback and test 78.450 again or price action could continue with bullish momentum into our 79.000 resistance level with no pullback.
Trade scenario 2: For us to consider short positions we need to see a major break and retest below 78.450 with a confirmed lower high below.
AUDJPY on a bullflag break 🦐AUDJPY on the 4chart is looking for new recent highs.
The price after hitting the 78.700 level retraced back into a bull flag.
The market is now testing the previous high and if the price will break above we can set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
AUDJPY seeing bullish flagAUDJPY in a bullish flag. Long positions above recent high. Entry 78.85 | SL - 78.65
AUDJPY reversing from 1st resistance , further drop expected! AUDJPY is facing bearish pressure from 1st resistance where the 78% fib extension and previous swing high are.Price is likely to reverse from here towards 1st support where the 61.8% fib retracement is. Stochastics is also showing price is reaching the resistance level at 97.19.
AUDJPY LONGHey guys,
We are currently looking at a bullish flag, flags tend to be continuation of the current trend...judging by past market price we can expect price to break the trend line resistance therefore triggering the next leg of the trend move.
If you find this idea helpful❤️
Please feel free to like👍
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AUDJPY is seeing bearish pressure from 1st resistance !AUDJPY is seeing bearish pressure from 1st resistance ,more downside ! This is in line with a mixed risk sentiment today where risk assets could see some reversal!
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE
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With ForecastCity
FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
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Now, It's your turn !
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Trade well, ❤️
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📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE
💰 EARN MORE
With ForecastCity
FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDJPY Long PositionAUDJPY has found support on recently broken resistance. We are looking at long positions to breakout higher from the recent bullish triangle pattern.
Entry price 78.63 | SL - 78.14 | TP 80.00
AUDJPY is seeing bearish pressure from 1st resistance! AUDJPY is facing bearish pressure from 1st resistance where the 78% fib extension and previous swing high are.Price is likely to reverse from
here towards 1st support where the 61.8% fib retracement is. Stochastics is also showing price is reaching the resistance level at 97.19.
AUDJPY is likley to bounce further from support level ! AUDJPY is likely to bounce further from support level ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
AUDJPY broke above upside confirmation, more upside ! AUDJPY broke above 78.365 where we consider as the upside confirmation. It is a level where the 78% fib extension and previous swing high are. Price is likely to leap further towards 1st resistance from here, Ichimoku is also showing support !
Live Backtesting | DovyFXDovyFX
I had some extra time to do some backtesting and record it for everybody here. Hope you guys enjoy it. Cheers!
P.S.
Had to cut it short, because I had some guests that came over to my house.
AUDJPY 4hour Analysis December 13th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Price action has been very bullish on all significant timeframes and we will continue with this trend until we see a significant break of structure.
Trade scenario 1: Look to enter long after structure forms near our 61.8% fib level. Ideally enter after a higher low is confirmed by a moving average cross and strong bullish variations. Target higher toward our -27% fib level and key resistance near 79.000
Trade scenario 2: For us to take any short positions we need to see a break and retest 77.500 with a lower high below. Target lower toward levels of key support.
AUD JPY SELL (AUSTRALIAN DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
